All Forum Posts by: Matthew Boutte

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Chicago.

Purchase price: $710,000
Cash invested: $71,000

House hack of a four unit fully rehabbed building.

Hi! I'm relatively new to Chicago and am looking for a real estate group. Does anyone have any recommendations? I'm also new to real estate investing, so I'm looking for education and networking opportunities and for potential partnerships. Thanks in advance for any recommendations!

Will you be having any more meetups in South Loop?

I'm very new to real estate investing (never even purchased a property for myself). I've spent the last few months reading and listening to everything I can get my hands on (much of it from the BiggerPockets community, so a big thank you there!). I also have a background in data science, so I've been pulling together a data set with all sorts of data about population growth, migration patterns, income growth, job growth, number of building permits, local GDP growth, educational attainment trends, home price growth, and rental price growth. I've used that data set to narrow down my focus into a few out of state markets.

I've also got the data on tax delinquent properties in each of these markets. I plan on narrowing down that list a bit (out of state owners, size of the tax delinquency, etc.) and then mailing and/or calling the owners in an effort to find off market deals. I'd then like to BRRRR the properties (although I'm well capitalized, so I'm also open to deals that need less of a rehab).

Here's my problem. I'm not sure who to turn to to facilitate the transaction with these off market deals. Do I get a real estate agent?   Will they be willing to work the deal since it's off market? If so, how do they get paid? Is there some other professional who would help facilitate the transaction?

Thank you in advance for any help you can offer -- I really appreciate it.

Yeah @Eric Giovannucci, Canyon County shows up in a lot of the metrics. 

I'm looking to buy my first investment property this year. I'll probably out of state due to high prices and high taxes in my home state. I'm a data scientist, so I started building a dataset to start exploring where in the country I might make my first purchase. I was expecting all my metrics to turn up Austin, Nashville, and Boise as top performers. But the top 10 regions for each metric are turning up all sorts of places I hadn't thought of and that aren't in the news. Some examples of regions that end up in the top 10:

• Fastest population growth (Jackson County, Georgia)
• Highest net migration rate (Horry County, South Carolina)
• Fastest job growth (Eddy County, New Mexico)
• Fastest income growth (Mineral County, West Virginia)
• Fastest home price growth (Grays Harbor County, Washington)
• Fastest rent growth (Franklin County, Massachusetts)
• Highest rent to price ratio (Jefferson County, Arkansas)

Is this kind of data based searching worthwhile? Or is it a recipe for analysis paralysis?